You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.

Latest

Greatest

Lobby

Journals

Options

Help

Reply #50: I will never blame a Depression on a president of the 19th century. [View All]

Printer-friendly format

Email this thread to a friend

Bookmark this thread

This topic is archived.

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Zynx

(1000+ posts) Send PM | Profile | Ignore

Tue Jun-03-08 12:28 AM
Response to Reply #31

50. I will never blame a Depression on a president of the 19th century.

Economic orthodoxy at the time was so set against any intervention that the idea was unthinkable. Also, the government was so financially limited there was little it could do, government as a percent of GDP back then was mid single digits at best, and actually closer to 2-3% of GDP. Van Buren actually was unusually active for the time in attempting to loosen up credit through the Treasury.

Printer Friendly | Permalink | | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home | Discussion Forums | Journals | Store | Donate

About DU | Contact Us | Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.